What are the steps in the strategic management process?
SMP, which stands for Strategic Management Process is an intervention aimed to implement a plan of action. Each step of the process interacts with the other and, all together, they work as a jigsaw; this means that, altogether, the steps are dependant on each other.
The first step is to gather all the information regarding the organization in question: what makes it work, what affects its productivity, who are the individuals that work in there, its location, etc; it is basically a collection of all the internal and external variables that cause any effect on the organization. Since this is a basic scanning of the environment of the organization, the name of this first step is Environmental Scanning.
The second step is...
(The entire section contains 370 words.)
check Approved by eNotes Editorial